Funding you earn now, next payment 05:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h +0.052%
Price spread now: OKX against Polymarket Perps+0.027%57s7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.385% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 7 days+0.224%+$22 · spread now +0.027%, 7d avg +0.095%
=Funding pays, the price is against you. OKX is 0.068% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.095%). If the spread goes back, that is −$7 on $10k: about 16 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.049% in total) that is about 9.6 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ORCL-USD | 149.46 | 0.0050 | pay 0.0006% / 1h | 39m 33s | $131K | $90K | 10x |
| Short | OKX ORCL-USDT-SWAP | 149.50 | 0.0384 | get 0.0384% / 8h | 3h 39m | $5.0M | $5.8M | 20x |
Polymarket Perps ORCL-USD
OKX ORCL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $70.19
- Price spread: +0.027% → +0.095%
- −$6.8
- Slippage, 4 orders
- −$20.48
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $24.9
- Costs to cover
- 0.385%
- Break-even
- 4.5 days
Slippage from Polymarket Perps: live order book, 12 min ago; OKX: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 12 min ago | 1.67 bp | 5.7 bp −$6 | 6.0 bp −$60 | 11.9 bp −$1,188 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.33 bp | 14.0 bp −$14 | 24.6 bp −$246 | doesn't fit | doesn't fit |
ORCL on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX ORCLUSDC | −0.0948% | 4h | 149.56 | +0.064% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.37 | −0.058% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.56 | +0.067% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.72 | +0.174% | $3K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.82 | +0.241% | $52K | $24K | 20x | as long as short |
| Nado ORCL-PERP | +0.0031% | 1h | 149.44 | −0.016% | $91K | $20K | 10x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.54 | +0.054% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.47 | +0.007% | $623K | $315K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.268% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.48 | +0.013% | $87K | $79K | 10x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Nado ORCL-PERP
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.57 | +0.074% | — | $67K | 25x | as long as short |
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.35 | −0.074% | $21.6M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USDlong | +0.0050% | 1h | 149.46 | long leg | $131K | $90K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.50 | +0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.55 | +0.060% | $703K | $724K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.45 | −0.007% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.57 | +0.074% | $22K | $262K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.50 | +0.027% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0210% | 8h | 149.53 | +0.049% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0242% | 8h | 149.52 | +0.043% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0294% | 8h | 149.51 | +0.033% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0319% | 8h | 149.45 | −0.008% | $25.1M | $35.4M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0320% | 1h | 149.40 | −0.039% | $390K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0355% | 8h | 149.61 | +0.100% | $261K | $278K | 20x | as long as short |
| OKX ORCL-USDT-SWAPshort | +0.0384% | 8h | 149.50 | +0.027% | $5.0M | $5.8M | 20x | |
| Phoenix ORCL | +0.0535% | 1h | 149.57 | +0.074% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0711% | 8h | 149.52 | +0.040% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0749% | 8h | 149.67 | +0.141% | $47K | $43K | 20x | as long as short |
Vest ORCL-USD-PERP
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT